TokenTact Teams Up with Crypto com: Connect Two Platforms Today!
TokenTact is not just a trading platform; it’s a tool that integrates with over 30 global cryptocurrency exchanges, providing a unified interface for seamless trading. Whether you’re exploring arbitrage opportunities or seeking profitable trading pairs, TokenTact’s advanced algorithms are designed to guide you through the process. When you trade using borrowed funds, there’s a potential risk of accruing debt to the platform or exchange. If the market trends against your position and your losses exceed your account balance, you’ll face a margin call, essentially a request to deposit more funds into your account. Should you be unable to fulfill this request, the platform holds the right to liquidate your position to offset the losses. TokenTact offers a comprehensive trading platform — the features are designed to simplify the cryptocurrency trading experience.
Liquidation is the grim reaper of leverage trading, turning portfolios to dust with massive forced sell-offs. Before you go slinging risky margin trades, you best get savvy on liquidations. As a result, you can enjoy integrations with more than 10 major cryptocurrency exchanges, including renowned market leaders https://daocoin.money/review-of-the-tokentact-bot/ such as Binance, Kraken, Bitfinex, Poloniex, and Coinbase. This means that traders can perform all the actions they would typically execute on their regular exchanges but with the added advantage of exclusive tools and features. The list compares the price between two pairs with the most differences.
The strategy allows you to profit even if you aren’t well-versed in technical analysis, which is a huge advantage for a novice. Finally, it’s been tested, used, and proven reliable and efficient by both institutional and retail investors. A stop loss is basically telling the exchange to sell if the price hits a certain point. You set the stop price where you want the selling to start, then the sell price where you actually unload your position. Say you put in $100 of your own greenbacks for a 10x leveraged bitcoin long position.
TokenTact also offers a backtesting feature, which enables you to examine how your chosen strategy would have fared based on historical data. This feature provides critical insights that can be beneficial when fine-tuning your bot. As mentioned, the TokenTact DCA bot can enter or exit trades based on your chosen indicators and significantly limit your risks while allowing profits to flow and grow.
If you click [Continue] now, your bot will immediately start with profitable default settings. Should you wish to follow a particular trading strategy, you’re welcome to customize your settings in [Manual adjustment]. Below, we’ll explain how you open a shorting position with the DCA bot. If you don’t have it, you’ll need to buy the base currency manually, go back to the bot launcher, and start it again. Because you can choose not to sell your put options, for example, you can limit your losses to the price you paid for putting options on sale. Also, at some exchanges, you can buy and sell options before expiration, which obviously allows for greater flexibility.
Additionally, market makers or risk managers may benefit from the information presented in this article. These professions require some menial processes that are often automated, such as dollar cost averaging (DCA). TokenTact lets you try the automatic trading bot for free to see the features in live-action.
The bot uses leverage and hence can generate returns up to 1000% faster than the spot market. TokenTact is an all-in-one trading platform providing bots, signals, crypto arbitrage, etc. TokenTact supports more than 25 crypto trading platforms, including Binance, Coinbase, Kraken, etc., and has been dealing in crypto since 2018.
- In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only.
- Before engaging into trading activity with Combo bot, make sure you have practiced enough on the spot market with SBot or Classic bot in a risk-free TokenTact demo mode.
- TokenTact is a crypto bot exchange and one of the biggest brokers of Binance.
- Additionally, the total number of active trading bots on the platform is currently 6,400, more than any of its competitors.
- TokenTact is using 2048-bit encryption wherein your API keys are delivered to their encrypted servers.
- Scalping involves riding the market’s waves to pound out many small wins that compound into substantial gains over time.
In this TokenTact review, we explore everything there is to know about the cross-exchange services offered by the provider. When you’re done tinkering with the bot’s settings, click [Continue] to review them, and then — [Start Bot] to launch your bot. The difficulty of monitoring and/or closing several positions in a wide grid and the risk of losing money if conditions change, however, are major downsides.
As a trader, you have easy access to your balances, trade histories, and current positions on all your exchanges. Having such a massive pool of supported exchanges gives traders flexibility in choosing platforms with the best conditions for their specific trading requirements or target markets. TokenTact endeavors to become a one-stop shop with a complete set of tools tailored for discretionary and automated crypto trading. Its all-in-one solution streamlines previously disjointed processes.